The primary emphasis of ________ cost is on the planning function of management.

Budgeted

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Standard

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Period

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None of these

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Solution

The correct option is A Budgeted
Budgeting is a tool for planning and control in a manufacturing organization. A budget is a plan showing the objective of the company to use the available resources. Budgeting and cost control comprises the estimation of cost, fixation of selling price and comparison of budget versus actual.

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Similar questions

Why planning is called a pervasive function of management?

Which is not a function of management of the following?

(a) planning

(b) staffing

(d) controlling

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